TEGNA Confirms Standard General/Apollo Joint Bid


Say what you want about the Gotham tabloid New York Post, but their Business desk sure knows how to get a good Wall Street scoop.

The publication late Monday (9/20), citing unnamed sources, noted that Apollo Global Management — the controlling party of Cox Media Group — had teamed up with dissident investor Standard General, led by Soo Kim — on a binding TEGNA acquisition bid valued at upward of $8 billion.

TEGNA on Tuesday morning confirmed the offer.

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